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Lets just say you are right and the broker is correct with their prediction of 29p (value now) and then, earnings increase by 10-11% into 2024.
That's a potential increase (base on the current share price) of 30%. I would say that's a pretty good return?!
January's trading update will likely reveal further additional growth beyond the 10% previously signaled.
Not sure if its been posted, but there is a good article written by Simply Wall Street for Yahoo Finance which argues that Hvivo is 41% undervalued.
You will need to google it as I cannot share the link.
Good weekend all.
I was rather hoping for 50-60p in the short to medium term but it seems to have stalled. I am not sure that this policy of not updating the market on a regular basis is going to work. Mo suggested during his last presentation that he wanted to attract the institutions and this was the reason for the nominal dividend. I am sure these institutions would also like to hear regular good news too.
I don't think it will move out of its trading range without an exceptional event. Mo has created a slow, steady, growing business and if its volatility you want, I think you are in the wrong place. Happy to be proved wrong of course!
Hi all.
I am trying to get my head around the fact that HVO's customers have agreed to invest in the new facility. I just don't know how this would work in practice. There must be conditions attached, but how does the negotiation come about and how do they ensure equity and consistency? Is it delivered as a fait accompli; these are the terms, take them or leave them as the last thing you need is one customer getting a better deal than the next. So, if it is to get early scheduling (as someone suggested), how can HVO be sure they have capacity if two customers come along at once? Also, how beholden are they to these customers into the future? Is there a cut off date beyond which they cannot demand early scheduling?
I've not come across this before (as is probably obvious 🙂)
What I don't get, is that the MMs can create demand for a share by lifting the price in line with news (particularly where they have broker notes which support a higher price). An investor who sees a share price rising will jump on and so they create a market (which is ultimately their job). As soon as the share price stalls, the sellers come in and the price retracts.
I am assuming that HVO's customers would have been given certain assurances before investing in the new venture. Could one of these be that the company is not sold in the near future? It would make sense to me.